May 24, 2013

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Price Hike - But Where's the Profit?

5-7-04 - While gas prices continue to climb in Oklahoma and Texas, distributors in Texoma say they're not making much of a profit.

AAA Texas reports gasoline prices have climbed more than a nickel a gallon in the past week across the state to an average of $1.75 per gallon. It’s a similar story in Oklahoma, where the average for a gallon of gas is $1.82.

That's up more than 30 cents from one year ago.

Local distributors and gas station owners told First News that their profits are staying the same, despite the price hike. That profit is often around just two to three cents per gallon. One storeowner says he made more money per gallon 20 years ago when gas sold for 75 cents.

They say the price hike is triggered by production costs and the price of crude oil. A barrel of oil has reached a 13-year high this week at more than $39.


In The Community

Children’s Center Honors Volunteers

Posted: 5:38 PM - Julie Luton of Bonham took home the top honor of the evening at the recent volunteer banquet hosted by the Fannin County Children’s Center. Luton was named the CASA Volunteer of the Year for her work in advocating for abused and neglected children in foster care. Read More

Idabel Main Street to Host Building Maintenance Workshop

Posted: 05/22/13 - (Idabel, Okla.) – For anyone interested in learning more about building preservation, Idabel Main Street will host “Historic Building Maintenance,” a workshop on the care and maintenance of the historic district, June 25th, from 5:30pm – 7:00pm, at the Idabel Public Library. Read More

Sherman Public Library Summer Reading Club sign ups

Posted: 05/08/13 - The Sherman Public Library is very excited about our upcoming Summer Reading Club for children and teens. Children ages birth-11 can Dig into Reading and join the Youth Summer Reading Club. The theme for the Teen Summer Reading Club this year is Beneath the Surface and it is open to teens ages 12-18. Read More

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